Bitcoin showed renewed strength following statements from U.S. President Donald Trump, increasing confidence in the cryptocurrency market.
Bitcoin Breaks Above $105K
After a long-awaited response from Trump, Bitcoin's price spiked to $105,204 before correcting slightly to $104,600.
Trump: 'Nothing Is Too Late' on Iran
In a briefing following a national security meeting, Trump commented on Iran’s nuclear ambitions. 'Iran should never have nuclear weapons... they reached out to us and I said it might be too late, but nothing is really too late. They can come to the White House.'
Fed Under Fire: Trump Calls for Aggressive Rate Cuts
Trump criticized Fed Chair Jerome Powell sharply for failing to act decisively on interest rates: 'Rates should be two, maybe 2.5 points lower. I’ll wait for Powell to leave, then I’ll go long-term. But for now, I’ll move very short-term and drop rates significantly.'
Trump's statements are creating interest and potential shifts in the cryptocurrency market amid economic uncertainty and expectations of interest rate cuts.
